🧠 XRP Price Teeters at Make-or-Break Level — Time to Panic or Buy the Dip?
A new fall below $2.220 began for XRP. The price is correcting losses and may break $2.20 barrier.
A new fall below $2.220 began for XRP.
The price is below $2.20 and the 100-hour SMA.
The hourly XRP/USD chart shows a negative trend line with resistance around $2.2180.
If it fails to break $2.220, the pair may fall again.
XRP Falls Again
Bitcoin and Ethereum fell as XRP failed to break $0.3250 barrier. Below $0.2800 and $0.2620 support levels.
The price fell below $0.20 support. After a low of $0.2081, the price is consolidating losses. A little advance over $0.2120 occurred. Price passed the 23.6% Fib retracement level of the falling wave from $2.3540 swing high to $2.2081 low.
The price is below $2.220 and the 100-hour SMA. Price may find resistance at $2.20 on the upside. First big resistance is at $2.220. On the hourly XRP/USD chart, a negative trend line with resistance around $2.2180 is formed. The falling wave from the $2.3540 swing high to the $2.2081 low is at the 50% Fib retracement level.
The next hurdle is $2.250. A clean break over $2.250 might push the market above $2.280. More advances might push the price toward $2.30 or $2.3250. The bulls may face $2.40 next.
Another Drop?
XRP may fall again if it fails to break $2.220. Initial downward support is at $2.1250. Near $2.080 is the next important support.
If the price breaks down and closes below $2.080, it may fall toward $2.050. Near $2.00 is the next important support.
Tech Indicators
The hourly MACD for XRP/USD is moving bearishly.
Relative Strength Index hourly XRP/USD RSI is below 50.
Major Support Levels: $2.120, $2.080.
Two major resistance levels: $2.20 and $2.220.